Hardt Hyperloop is expanding in Europe through multi-million investment by InnoEnergy
Hardt Hyperloop is expanding in Europe through a multi-million euro investment by InnoEnergy.
Multi-million euro investment
InnoEnergy is investing up to five million euros in Hardt Hyperloop. Hardt, the Dutch start-up that is developing the hyperloop in Europe, is investing the funds in the consortium that has been established to realise the hyperloop in Europe. Deutsche Bahn represented by DB Engineering & Consulting, Continental and Engie Laborelec have announced today that they are joining the consortium. This consortium’s activities focus on starting the process of standardising and regulating the technology behind the hyperloop to accelerate its successful implementation in Europe.
Opportunities for further investment
The investment by InnoEnergy is part of a bigger round of investments for which Hardt is still seeking other parties to join. Tim Houter, CEO Hardt Hyperloop: ‘We’re delighted with the investment of five million euros in Hardt Hyperloop. InnoEnergy makes it clear through this investment that the development of the hyperloop has entered a new phase. It also highlights the importance and urgency of investing in the development of a cleaner and better alternative to long-haul transport. Hardt Hyperloop believes InnoEnergy’s pledge will encourage other investors to join this round of investments.
European hyperloop consortium
Hardt initiated a consortium with Royal BAM Group, Tata Steel and Royal IHC in April of this year that focuses on the hyperloop’s technological development. With the addition of DB Engineering & Consulting, Continental and Engie Laborelec, the consortium now encompasses a strong combination of key innovators from the industrial sector, each with their own expertise. Tim Houter: ‘This consortium is a movement of industrial partners who are working together to realise the hyperloop. Collaboration at this level is crucial. We’re delighted with these new partners.’